Background*

Mr. Robert L. Johnson, also known as Bob is a Co-Founder, Chairman, and Chief Executive Officer of RLJ Development, LLC. Mr. Johnson is the Founder and Chairman of RLJ Equity Partners LLC. He founded District Cablevision Inc. in 1980 and serves as its President and Chairman. He Founded Urban Trust Bank in 1962 and is the Owner and also served as its Principal. He is the Founder at RLJ-McLarty-Landers Automotive Holdings, LLC and served as its Principal. He is the Owner ... of the Charlotte Sting of the WNBA. He is a Majority Owner of Bobcats Basketball Holdings, LLC. He has been Co-Founder and Executive Chairman of RLJ Lodging Trust since 2011. He served as the Chief Executive Officer at The RLJ Companies. Prior to RLJ Companies, Mr. Johnson founded Black Entertainment Television, Inc., in 1979 and served as its Chief Executive Officer from 1980 to 2005 and President since 1979. Under Mr. Johnson’s leadership, BET became the first African American owned company publicly traded on the New York Stock Exchange. In 2001, he sold BET to Viacom and founded BET Holdings, LLC in 1979 served as its Chairman from 1980 to January 2006, Chief Executive Officer from 1991 to June 2006 and President from 1991 to March 1996. He served as the Chief Executive Officer and Chairman of US Airways Group, Inc. He served as a Press Secretary of the Honorable Walter E. Fauntroy, Congressional Delegate from 1973 to 1976. He serves as the Chairman and Majority Owner of Urban Trust Bank Holdings, Inc., and RLJ-McLarty-Landers Automotive Holdings. He is the Founder of Bet Interactive LLC and serves as its Chairman. He was the Founder of RLJ Acquisition, Inc. and has been its Chairman since November 2010. He serves as Chairman of RLJ Credit Opportunity Fund. He serves as the Executive Chairman of The Board at Image Entertainment, Inc. He is the Founder of The RLJ Companies, LLC and serves as its Chairman. He is the Founder of RLJ Entertainment, Inc. has been its Executive Chairman since October 2012. Mr. Johnson serves as the Chairman of RolloverSystems, LLC. He served as the Chairman of UTB Education Finance LLC. He founded and served as the Chairman of Black Entertainment Television LLC. He held positions at the Washington Urban League for Public Broadcasting. He serves as a Director of RLJ Acquisition, Inc. He has been an Independent Director at Strayer Education Inc. since 2003. He has been a Director of KB Home since July 10, 2008, Liberty Media Corporation since December 1991, Gerald Stevens Inc., since October 1999 and Think Finance Inc. since September 2012. He has been an Independent Director of Lowe's Companies Inc. since January 2005. Mr. Johnson serves as a Director of International Management Group, Leeward Islands Lottery Holding Co. Inc., United Negro College Fund, Johns Hopkins University, Jazz @ Lincoln center, IMG Worldwide, Inc. and AV International L.L.C. He has been a Member of Client Advisory Board at Deutsche Bank Trust Company Americas since January 25, 2007. Mr. Johnson serves as an Executive Director of RLJ Entertainment, Inc. He serves as a Trustee of The Johns Hopkins University and American Film Institute. He served as a Member of the Americas Advisory Board of Deutsche Bank AG. He served as a Director of US Airways Inc. and US Airways Group Inc. since 1998; Hilton Worldwide, Inc. from 1994 to February 6, 2006; BET Holdings, LLC since 1991 and General Mills, Inc. from June 1999 to October 2004. He served as an Emeritus Member of the Americas Advisory Board at Deutsche Bank AG. He serves on the NBA Board of Governors of the Rock and Roll Hall of Fame in Cleveland, Ohio. He is a Member of the Board of Smithsonian Institution’s National Museum of African American History and Culture, and The Business Council. Mr. Johnson served as a Trustee of The Brookings Institution. From 1976 to 1979, he served as the Vice President of Governmental Relations at National Cable & Telecommunications Association NCTA. He served as a Director of UTB Education Finance LLC. He served as a Director of Black Entertainment Television LLC. He served as a Director of United Negro College Fund, and the National Cable Television Association. In 2002, he was awarded an expansion franchise in Charlotte, North Carolina by the National Basketball Association. His awards and honors include Inductee, Cable Television Hall of Fame 2004, 20/20 Award, Cablevision Magazine 2002, Hall of Fame Award, Broadcasting & Cable Magazine 1997, and Executive Leadership Council Award 1992. In July 2007, he was named by USA Today as one of the 25 most influential business leaders of the past 25 years. Mr. Johnson holds a Master’s Degree in International Affairs from the Woodrow Wilson School of Public and International Affairs at Princeton University and a Bachelor’s Degree in Social Studies from the University of Illinois.

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